Sri Lanka’s president revokes state of emergency amid economic crisis

Published

4 years ago

April 6, 2022

Sri Lanka’s President has revoked a state of emergency after a number of lawmakers walked out of government

The ruling coalition was left in a minority in parliament scrambling to repress protests amid the country’s worst economic crisis this century.

This comes only days after the Finance Minister resigned just before he was scheduled to discuss a loan programme with the International Monetary Fund.

The former MP wrote to the president saying that he believed he had “acted in the best interests of the country”.

The president was aiming to form a unity government in response to public unrest fuelled by food and fuel shortages.

Sri Lanka‘s health system is also at risk of collapsing as medical supplies run low.

It’s predicted that a new prime minister may be elected to replace the president’s brother who is currently in that role or a snap election is also on the cards 3 years earlier than scheduled.

Related Topics:ASIA Featured Politics sri lanka

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Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

Ukraine backs US-led peace accord as final details near completion

Ukraine supports US-led peace accord to end war with Russia, aiming for resolution of final elements soon.

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4 hours ago

November 26, 2025

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According to Ukrainian officials, Kyiv fully supports the essence of the proposal, while Washington says progress is encouraging but further negotiations are required. The agreement focuses heavily on territory held by Russia and the security guarantees needed to protect Ukraine long-term.

With momentum building, global attention now turns to how remaining issues will be resolved and how soon a final agreement can be reached.

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Australia launches new AI Safety Institute to protect the nation

Australia launches the AISI to ensure responsible AI, enhance safety, and lead globally in ethical AI development.

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4 hours ago

November 26, 2025

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Australia launches the AISI to ensure responsible AI, enhance safety, and lead globally in ethical AI development.

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We also explore how the AISI will support international agreements, protect the rights of Australians and help businesses keep pace with rapidly evolving AI technologies. Plus, we look at the institute’s long-term ambitions in shaping the global AI safety landscape.

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RBA holds rates as investors shift from property to stocks

RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.

Published

7 hours ago

November 26, 2025

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RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.

The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.

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We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.

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